Sea Change Foundation
- Assets
- $229.5m
- Revenue
- $15.1m
- Investments
- $209.2m
- Employees
- 0
- Location
- San Francisco, CA
- Founding
- 01/2007
- Data as of
- 12/2022
- EIN
- 20-4952986
Organization Overview
Sea Change Foundation is located in San Francisco, CA. The organization was established in 2007. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sea Change Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Sea Change Foundation generated $15.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (25.9%) each year. All expenses for the organization totaled $47.9m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Sea Change Foundation has awarded 108 individual grants totaling $183,782,144. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nathaniel Simons President | 0 | $0 | |
Laura Baxter-Simons Cfo/secretary | 2 | $0 | |
Thomas Steinbach Exec Dir | 10 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Comyns Smith Mccleary & Deaver Llp | 12/30/19 | $78,503 |
Seiler Llp | 12/30/19 | $88,927 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $856 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $14,789,090 |
| Capital Gain Net Income | $14,435,302 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $353,917 |
| Total Revenue | $15,143,863 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $824,176 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $293,667 |
| Total operating and administrative expenses | $1,257,591 |
| Contributions, gifts, grants paid | $46,602,179 |
| Total expenses and disbursements | $47,859,770 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $350,030 |
| Savings and temporary cash investments | $4,898,412 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $7,247 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $209,239,838 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $15,000,000 |
| Total assets | $229,495,527 |
| Accounts payable and accrued expenses | $18,558 |
| Grants payable | $35,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $741,403 |
| Total liabilities | $794,961 |
Grants Awarded
Over the last fiscal year, Sea Change Foundation has awarded $46,567,179 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
UNITED STATES ENERGY FOUNDATION PURPOSE: PROMOTE CLEAN ENERGY | $9,750,000 |
VOTE SOLAR PURPOSE: PROMOTE CLEAN ENERGY | $1,300,000 |
MULTIPLIER PURPOSE: PROMOTE CLEAN ENERGY | $5,000,000 |
SIERRA CLUB FOUNDATION PURPOSE: PROMOTE ENERGY EFFICIENCY | $150,000 |
CLIMATE SOLUTIONS PURPOSE: PROMOTE ENERGY EFFICIENCY | $100,000 |
TIDES FOUNDATION PURPOSE: EDUCATE PUBLIC ABOUT CLIMATE AND CLEAN ENERGY | $150,000 |